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NewsKarambunai slips in active trade as rights go ex
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Karambunai slips in active trade as rights go ex
by Cals Tue 24 Sep 2013, 12:58
Published: Tuesday September 24, 2013 MYT 9:26:00 AM
Updated: Tuesday September 24, 2013 MYT 9:27:39 AM
Karambunai slips in active trade as rights go ex
KUALA LUMPUR: Shares of Karambunai Corp slipped in active trade early Tuesday after its renounceable rights issue of up to 507.51 million new shares with warrants went ex.
At 9.20am, it was down 0.5 sen to 10.5 sen. It was the most active counter with 17.62 million shares done.
The FBM KLCI fell 6.79 points to 1,789.57. Turnover was 199.11 million shares valued at RM74.74mil. There were 127 gainers, 141 losers and 179 counters unchanged.
The renounceable rights issue of up to 507.51 new 10 sen shares were issued on the basis of one rights share for every four existing shares held, together with up to 1.015 billion free detachable warrants.
This was on the basis of two warrants for every one rights share subscribed at an issue price of 10 sen per rights share.
Updated: Tuesday September 24, 2013 MYT 9:27:39 AM
Karambunai slips in active trade as rights go ex
KUALA LUMPUR: Shares of Karambunai Corp slipped in active trade early Tuesday after its renounceable rights issue of up to 507.51 million new shares with warrants went ex.
At 9.20am, it was down 0.5 sen to 10.5 sen. It was the most active counter with 17.62 million shares done.
The FBM KLCI fell 6.79 points to 1,789.57. Turnover was 199.11 million shares valued at RM74.74mil. There were 127 gainers, 141 losers and 179 counters unchanged.
The renounceable rights issue of up to 507.51 new 10 sen shares were issued on the basis of one rights share for every four existing shares held, together with up to 1.015 billion free detachable warrants.
This was on the basis of two warrants for every one rights share subscribed at an issue price of 10 sen per rights share.
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